The Ultimate Guide to SparkFi!

After several weeks of hard work, it is clear that everyone is really giving their all and using their best skills to stick it out until now! It's really great to sprint and communicate with everyone together! The last few hours of Spark SNAPS, leave a comment on this post to interact together!

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Three major agreements achieve SparkFi!

▪ SparkLend Lending Platform: Connecting real users with asset flow demand, it is the largest usage scenario for USDS!
▪ SLL (Spark Liquidity Layer): An on-chain capital deployment engine that dynamically allocates billions of dollars in liquidity to the most optimal yield markets!
▪ SSR (Sky Savings Rate): Build the most attractive stablecoin yield system to support the confidence of USDS and sUSDS depositors!

The three form a self-circulating on-chain financial yield:

Depositors deposit USDS → Schedule funds → Deploy to SparkLend/Morpho/BlackRock, etc. → Revenue flow back → Support SSR → Enhance the attractiveness of USDS → Continuous growth of users

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Real on-chain收益数据！

As of now, the total amount of funds allocated by Spark has exceeded 3.1 billion USD, among which:

▪ 900 million dollars invested in SparkLend
▪ 800 million USD deployed in BlackRock BUIDL
▪ 500 million USD entered the Morpho strategy pool
▪ 300 million USD directly allocated to Ethena's sUSDe/sUSDS

Total revenue has exceeded 100 million!

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Ecological integration, complementary and beneficial

The integration strategy of SparkFi is not a one-way access, but a two-way collaboration:

▪ With Chainlink: Implementing high-security oracle services for collateral asset price updates
▪ Integration with Lido / Rocket Pool: Connecting with stETH and other staking assets for compounded returns.
▪ Integration with Balancer / Curve: Integrate liquidity pools to enhance the usage of USDS.
▪ With Morpho / Aave / Pendle / Ethena: Deploy efficient structured yield pools
▪ With Symbiotic: Launch Ignition / Overdrive Staking Airdrop Mechanism

These integrations allow every asset of Spark to become liquid, no longer stagnant funds, but a machine for generating flowing profits!

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Final words

I wrote the lending system for Spark, the capital scheduling of SLL, the yield model of SSR, the value logic of SPK, and even tracked every staking data and transaction dynamics!

From story to structure, I have witnessed the entire process of its transformation from a DeFi module to an on-chain system with everyone. If this is the first chapter of SparkFi, then right now, SPK has just turned the page!

What you see is not just an ordinary token, but a wealth aggregator of the new generation of on-chain financial systems!